The mean \( \mu \) of the dataset is calculated as follows:
\[ \mu = \frac{\sum x_i}{n} = \frac{144}{8} = 18.0 \]
The variance \( \sigma^2 \) is computed using the formula:
\[ \sigma^2 = \frac{\sum (x_i - \mu)^2}{n-1} \]
Substituting the values, we find:
\[ \sigma^2 = 27.43 \]
The standard deviation \( \sigma \) is the square root of the variance:
\[ \sigma = \sqrt{27.43} = 5.24 \]
Sampling by variance is a measurement in the amount of deviation from a set standard. Thus, the final results are:
\[ \text{Variance: } \boxed{27.43} \] \[ \text{Standard Deviation: } \boxed{5.24} \]
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